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Why everybody loses with the Powerball
Why everybody loses with the Powerball
Sep 21, 2024 10:07 PM

When es to government programs for redistributing e, nothing is quite as malevolently effective as state lotteries. Every year state lotteries redistribute the e of mostly poor Americans (who spend between 4-9 percent of their e on lottery tickets) to a handful of other citizens—and tothe state’s coffers.

A prime example is thePowerball jackpot. The third largest jackpot in U.S. history—now an estimated $750 million—will be available tomorrow. But even if someone wins this time around, millions of Americans will have lost.

Theodds of winning 1 in 292,201,338, which means that if every person in America had bought a ticket, only one will win. The chances of a single ticket holder winning the Powerball are only slightly higher than meeting a random stranger on the street who hands you a million dollars.

Yet despite the harm it does to our financially vulnerable neighbors, Christians—who are called to seek justice for the poor—often participate and encourage this activity.Even more disconcerting is that the state not only allows but actively participates in this exploitation.

In an article for the Ethics and Religious Liberty Commission,Acton senior research fellow Jordan Ballor explainedhow lotteries allow the state to prey on the poor:

Public polling has confirmed the fears of many who oppose such government-promoted gambling: the poorest among us are contributing much more to lottery revenues than those with higher es. One poll found that people who played the lottery with an e of less than $20,000 annually spent an average of $46 per month on lottery tickets. es out to more than $550 per year and it is nearly double the amount spent in any other e bracket.

The significance of this is magnified when we look deeper into the figures. Those with annual es ranging from $30,000 to $50,000 had the second-highest average — $24 per month, or $288 per year. A person making $20,000 spends three times as much on lottery tickets on average than does someone making $30,000. And keep in mind that these numbers represent average spending. For every one or two people who spend just a few bucks a year on lotteries, others spend thousands.

Read more . . .

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